GP Petroleums Approves ₹130 Crore NCD And OCD Issuance To RevX Fund

Board approved Rs 30 Cr NCDs (36-month tenure) and Rs 100 Cr OCDs (18-month tenure) to RevX Special Credit Opportunities Fund II via private placement for working capital and growth. Resolves pending fundraise proposal after board sought details; first disclosure of investor, size, coupon and conversion terms. OCD preferential issue needs shareholder approval via postal ballot. 13% coupon, asset security, observer rights and 2% monthly default interest lift leverage and cost; conversion price and repayment schedule undisclosed, dilution overhang remains.